The capital market has always had the saying of "five poor, six and seven turns", entering July, what new funds will appear next week, bringing opportunities?
The data shows that next week, E Fangda Fund, GF Fund, China Merchants Fund, Huaxia Fund and other strength public offerings have new products, of which the Chuangjin Hexin Fund sent a "cycle strongman" Li You, the China Merchants Fund was led by The Fixed Income "Famous General" Hou Jie and Ma Long, and the Huaxia Fund also sent its own "growth and consumption sister" Sun Yijia to "compete on the same stage".
All parties "you sing I debut", investors also have a variety of different choices.
<h2>31 new funds will appear next week</h2>
Wind statistics show that next week (July 12 to July 16) there will be 31 new fund fish into the market. From the perspective of the new fund issuance type, active equity funds have once again taken back to the "home", passive index products continue to issue "hot", and "fixed income +" products also provide investors with another choice in the volatile market.
At the same time, after the test of "five poor and six extremes", since entering July, various companies have begun to "turn around" in the issuance of new funds. Next week, E Fund, GF Fund, China Merchants Fund, Huaxia Fund and other strength public offerings have new products, and GF Fund will issue four new products in one go, including equity-based, debt-based and index-based products.
▼New fund issuance next week
<h2>"Strong cycle" Lee swims out of the mountains</h2>
In addition to the complete range, next week's equity and fixed income products are also led by "generals". Among them, as a top ten fund manager who entered the top ten in last year's performance ranking, Li You of Chuangjin Hexin Fund may be one of the more concerned active equity funds.
Public information shows that Li You is one of the few fund managers in the industry, from commodity futures research to sell-side research. He once worked as a researcher for Minmetals Futures Co., Ltd. and Huachuang Securities Co., Ltd., and was a researcher at First Venture Securities Co., Ltd., and joined Chuangjin Hexin Fund in August 2014.
It is also for this reason that Li You has a strong brand of cyclical field in investment, and then the circle of ability extends to the midstream manufacturing industry and other fields. At present, Li You has only managed 4 funds, of which the theme of Chuangjin Hexin Resources and the return of Chuangjin Hexin Industrial Cycle are more than 100%. Chuangjin Hexin Industrial Cycle became one of the most "profitable" fund managers last year with an annual return of 132.16%.
▼The following figure shows the fund managed by Li You
<h2>"Fixed income famous general" Hou Jie and Ma Long joined forces</h2>
Different from Li You's "single fight", the fixed income "famous generals" sent by the China Merchants Fund this time are "joining hands to attack" and have a clear division of labor. Hou Jie is the main focus on equity investment of products, and Ma Long is responsible for the fixed income investment part.
According to public information, Ma Long graduated with a doctorate in economics, joined TEDA Manulife Fund in July 2009 as a researcher, engaged in macroeconomics, bond market strategy, stock market strategy research, joined the fixed income investment department of China Merchants Fund in November 2012, once worked as a researcher, is currently the deputy director of the fixed income investment department, and a fund manager.
The products managed by Malone are known for their robustness in the China Merchants Fixed Income team. The annualized volatility of China Merchants Anxin Income C and China Merchants Industry A/C managed by him in the past three years was 1.36% and 1.8%, respectively, which were lower than the average volatility of similar funds (2.24%) in the same period.
▼The following figure shows the fund managed by Malone
Hou Jie is a veteran with 19 years of investment research experience, and is good at absolute return investment style. As early as 2002, Hou Jie joined Beijing Capital Capital and successively served as a staff member, deputy manager of the department and deputy general manager of the operation department of Capital Capital. He joined China Merchants Fund in 2017 as assistant director of fixed income investment department.
Specifically, Hou Jie's absolute return investment strategy is to pursue "small drawdown, low volatility under the margin of safety and high return", through the investment of stable assets in order to achieve the goal of value preservation, through the investment of income assets in order to achieve the goal of appreciation. As of July 11 this year, the funds managed by Hou Jie have achieved positive returns, of which the return of China Merchants Fengtuo, which has been under management for the longest time, has reached 66.82%.
▼The following figure shows the fund managed by Hou Jie
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